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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Aug. 27, 2022
Aug. 28, 2021
Cash flows from operating activities:    
Net income including non-controlling interest $ 132,077 $ 110,560
Adjustments to reconcile net income including non-controlling interest to net cash (used in) provided by operating activities:    
Depreciation 54,297 54,158
Amortization 55,088 53,464
Deferred income taxes (4,968) (1,547)
Income from equity method investments, net of dividends received 1,420 4,363
Loss (gain) on sale or disposal of assets (1,130) 641
Share-based compensation 20,358 19,400
Pension and other post-retirement benefit plan activity (15,324) (23,192)
Change in assets and liabilities, net of effects of acquisitions:    
Trade receivables, net (51,629) (61,900)
Inventories (112,390) (141,112)
Other assets (40,329) (26,060)
Trade payables 17,381 176,210
Accrued compensation (17,275) (1,283)
Other accrued expenses 1,614 (2,292)
Income taxes payable 10,201 1,001
Other liabilities (35,940) (53,498)
Other 35,246 52,221
Net cash provided by operating activities 48,697 161,134
Cash flows from investing activities:    
Purchased property, plant and equipment (98,352) (77,237)
Purchased businesses, net of cash acquired (242,870) (5,445)
Proceeds from sale of property, plant and equipment 1,281 2,751
Cash received from government grant 3,928 5,800
Cash payments related to government grant 0 (1,526)
Net cash used in investing activities (336,013) (75,657)
Cash flows from financing activities:    
Proceeds from debt 335,000 0
Repayment of long-term debt (15,000) (118,000)
Payment of debt issuance costs (600) 0
Net proceeds of notes payable 6,707 9,846
Dividends paid (29,067) (26,045)
Contingent consideration payment (5,000) 0
Proceeds from stock options exercised 13,522 22,053
Repurchases of common stock (3,885) (2,668)
Net cash provided by (used in) financing activities 301,677 (114,814)
Effect of exchange rate changes on cash and cash equivalents (15,439) (3,063)
Net change in cash and cash equivalents (1,078) (32,400)
Cash and cash equivalents at beginning of period 61,786 100,534
Cash and cash equivalents at end of period $ 60,708 $ 68,134